Los Angeles Capital Management LLC Has $160.25 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Los Angeles Capital Management LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 238.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 329,133 shares of the Internet television network’s stock after purchasing an additional 231,793 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of Netflix worth $160,248,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in Netflix by 3.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 133,157 shares of the Internet television network’s stock worth $64,832,000 after acquiring an additional 4,674 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Netflix by 5.7% during the 4th quarter. First Horizon Advisors Inc. now owns 798 shares of the Internet television network’s stock worth $389,000 after acquiring an additional 43 shares during the last quarter. West Family Investments Inc. boosted its holdings in Netflix by 3.6% during the 4th quarter. West Family Investments Inc. now owns 1,604 shares of the Internet television network’s stock worth $781,000 after acquiring an additional 56 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Netflix by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after acquiring an additional 78,298 shares during the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in Netflix by 5.5% during the 4th quarter. LGT Fund Management Co Ltd. now owns 5,766 shares of the Internet television network’s stock worth $2,828,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. Guggenheim boosted their price target on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Redburn Atlantic boosted their price target on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Pivotal Research boosted their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $631.15.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,839 shares of company stock valued at $77,788,745. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $11.63 during midday trading on Thursday, hitting $563.34. 1,330,408 shares of the company’s stock were exchanged, compared to its average volume of 4,429,204. Netflix, Inc. has a 12-month low of $315.85 and a 12-month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a market cap of $242.74 billion, a price-to-earnings ratio of 38.82, a PEG ratio of 1.35 and a beta of 1.23. The business’s fifty day moving average price is $603.12 and its two-hundred day moving average price is $524.53.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. Netflix’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.